The first annual report reflecting Solvay’s new scope highlights a year of resilience and sustainable progress
Brussels, April 17, 2024 - 6:00 pm CEST - regulated information
Solvay today released its annual integrated report, which provides an overview of the company’s economic, environmental, and societal performance for 2023. It details the Group’s financial and extra-financial progress, governance, remuneration and risk management practices.
This comprehensive document serves as a reference point for stakeholders to understand the transition to Solvay's new governance, providing insight into its vision, objectives, and the changes implemented to highlight the transformation and strategic evolution of the company.
"Solvay’s annual report highlights our solid financial performance, maintaining our competitive position and progressing on our ambitious sustainability targets,” said Philippe Kehren, Solvay CEO. “Its title, Mastering the Essential, sets the scene. This is who we are. Through the chapters, we explain our businesses, we highlight our strengths, we explain how we will operate in the future, and how convinced we are about the energy transition we are engaged in. We are a 160-year old company, with strong foundations, and we embark on Solvay’s next chapter in our history with confidence."
The 2023 report is available on Solvay.com where a downloadable version in the ESEF format, as specified by the European Commission in the Regulatory Technical Standard on ESEF (Regulation (EU) 2019/815), is also available. Solvay also published its 2023 report on payment to governments. This document is available in the Financials section of Solvay's website.
Safe harbor
This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
About Solvay
Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay’s unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.9 billion in net sales in 2023, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.
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